A Tribute to the Thoughts of Another and his Friend"Everyone knows where we have been. Let's see where we are going!" -Another

Sunday, May 10, 2009

Must-See Video

This is a must-see video if you have not seen it yet. I know it is making the rounds and has already been seen by more than 100,000 people! But please take a look at the ineptitude of this one small part of the Federal Reserve System. There are many reasons why central banking should be abolished, and this is another one...

At 1:50 into the video, Ms. Coleman is prompted by the puppeteer seated behind her and immediately clarifies that she is tasked with overseeing the Federal Reserve Board's delegated functions for the reserve banks as well as the Board's oversight and supervision of the reserve banks, not the reserve banks' specific activities.

With this in mind, that this woman is the INSPECTOR GENERAL, please read these two scathing criticisms of the actions of the Board over the past DECADE...

3 comments:

The concluding message of """ systemic """ fraud is given LOUD and VERY CLEAR !

Emphasis on -SYSTEMIC- !!!

Black only forgot one thing : The toxic waste (systemic fraud) was distributed (and ingested) worldwide ! It is now a matter of global incompetance and fraud collaboration...for the sake of private profits.

That's WHY the club got away with this systemic fraud. Very cleverly (schrewdly) engineered, indeed.

The most difficult part in this ongoing process will be "the blaming".

Once dollar hegemony will collapse, the future will belong (the future does thus already belong) to those who can demonstrate their creditworthiness with their gold (hiding in oil) collateral. Our Masters are still able to prevent this because we are still living in a fraudulent world of unbacked paper money and fractional-reserve banking.

Consider this simple fact: we engage in an exchange of goods and services everyday by using money as the means of exchange; and we offer our labour in exchange for money, which, in itself, has no value. We only do this because we believe that we will, in turn, be able to exchange that money for more goods or services. This fact tells us much about the confidence that we place in money itself. And it tells us much more about the confidence that we place in each other, said European Central Bank president, the late Dr Willem F. Duisenberg, in his 9 May 2002 Acceptance speech of the International Charlemagne Prize of Aachen for 2002. (1)

Caterpillar: Who are YOU?

Alice: This was not an encouraging opening for a conversation. I — I hardly know, sir, just at present — at least I know who I was when I got up this morning, but I think I must have been changed several times since then.

Because some people have been over-confident in what they could achieve with money or how they could achieve more money and others have abused the sheeple’s confidence through issuing unbacked paper money or through banking on a fractional-reserve basis, confidence is collapsing.

“La confiance fait défaut”, allow me to translate this as “confidence is defaulting”, because unbacked paper money and fractional-reserve banking are fraudulent.

The need therefore arises for a protection against this default.

In order to continue to instill confidence in other people, you need a universal collateral (gold (hiding in oil)) which demonstrates your credit-worthiness.

The bigger you are, the more gold collateral you need.

But the value of this gold reserve collateral must be valued continuously.

And that’s where the shoe pinches. The global imbalances between trade surpluses (Asia) and trade deficits (the West) continue to grow.

Under the international gold standard, discrepancies in balances of imports and exports were sometimes settled by shipment of gold. (2)

What? Alice, euhr Cerckel, is crazy! He wants that again. No, he wants gold as a freely floating financial-wealth-reserve, that is, as a default reserve. He wants central banking to be repealed. And he wants banks to be allowed again to issue certificates for some of the gold they hold in reserve and he wants the value of these certificates to increase to the extent that the ounces, kilograms, or tonnes of gold held in reserve by the issuing bank increase. (3)

Yes, of course there are global imbalances, there is no more standard to balance imports and exports and therefore our Masters need a New Bretton Woods, which does longer exist since 15 August 1971, when US of A president Richard Nixon unilaterally broke it. Bretton Woods linked the said dollar at fixed parity of 42 something dollar to an ounce of gold and all other currencies to the dollar. Nixon said njet!

The manipulation of the price of gold has arrogated to itself the function of balancing imports and exports.

As price of gold has been raped, it can no longer fulfil its function.

Houston, we’ve got a problem!

How will we achieve a honest valuation of gold?

They want to devise a new straitjacket like Bretton Woods and they think that that will avoid the total collapse.

No way!

The collapse is arriving.

Even the Gulf states seem therefore prepared to unpeg or depeg their currencies from the US of A dollar.

They are conceding that the said dollar still remains the “dominant” global currency, but they are prepared to revise their position if things change. (4)

They are thereby displaying that they also realise that dollar hegemony will end soon.

Once the Dollar International Financial and Monetary System will collapse, manipulation of price of gold (to support that System) will have come to an end and the future will belong (the future does thus already belong) to those who can demonstrate their creditworthiness with their gold (hiding in oil) collateral.

Just like in 1913, 1933 and 1968-1974, this will bring about a gold revaluation.

Our Masters are trying to prevent this with what they call quantitative easing, or euphemistically credit easing, both of which used to be called credit expansion until nine months ago.

Their attempts are doomed to fail.

If our Masters would immediately recognise this failure, the price of gold would explode.

Our Masters are still trying to prevent this.

They are still able to prevent this because we are still living in a fraudulent world of unbacked paper money and fractional-reserve banking.

Time is up!

Caterpillar: Who are YOU?

Alice: This was not an encouraging opening for a conversation. I — I hardly know, sir, just at present — at least I know who I was when I got up this morning, but I think I must have been changed several times since then.

The Duchess:I quite agree with you. And the moral of that is: Be what you would seem to be, or if you’d like it put more simply: Never imagine yourself not to be otherwise than what it might appear to others that what you were or might have been was not otherwise than what you had been would have appeared to them to be otherwise.

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The above is presented for educational and/or entertainment purposes only. Under no circumstances should it be mistaken for professional investment advice, nor is it at all intended to be taken as such. The commentary and other contents simply reflect the opinion of the author alone on the current and future status of the markets and various economies. It is subject to error and change without notice. The presence of a link to a website does not indicate approval or endorsement of that web site or any services, products, or opinions that may be offered by them.